As reported by Coinotag, South Korean crypto exchanges like Upbit and Bithumb are facing significant earnings pressure due to a sharp market decline that has reduced trading volumes. Daily trading volumes on the two platforms fell to an average of $1.88 billion in early November, the lowest since January 2025. Bitcoin’s drop below $95,000 and global uncertainties have led to investor hesitation, slashing trading activity. Exchanges reported strong Q3 profits, but the recent slump threatens to reverse these gains. To counter the decline, exchanges have accelerated token listings, with 391 new tokens added in 2025, a 47% increase from 2024.
South Korean Crypto Exchanges Face Earnings Pressure Amid Bitcoin Price Slump
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